Breakout Energy Into Key Inflections
by Tony Rago
Yesterday delivered a clean breakout session, and overnight price followed through by tagging two major inflection points — 7,000 on ES and 26,000 on NQ. Those are big, round-number areas where positioning and psychology often collide. We’ve got Consumer Confidence at 10am, which could be just enough of a catalyst to wake the tape up and inject some intraday volatility. That data point matters because it can shift expectations around growth and spending, which feeds directly into index momentum.
That said, tomorrow is FOMC day, and markets often start to quiet down ahead of those announcements — sometimes earlier than expected, possibly even this afternoon. Historically, price tends to drift higher into Fed decisions, so the key is staying objective and not forcing trades if things slow. Bulls want to see shallow pullbacks that get defended and then continued lift, keeping structure intact. Keep a close eye on NQ here — it has the look of a potential leader if risk appetite expands. Plenty of volatility will come after the Fed; the job now is patience, discipline, and readiness. Let’s get after it. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
